prices
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Essential goods’ prices jump 20% | The Express Tribune
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[ad_1] ISLAMABAD: The average inflation for 51 essential goods, mostly used by low and middle-income groups, jumped above 20% during the latest week over a year ago amid serious contradictions in the official data used to calculate the price growth. The year-on-year Sensitive Price Indicator (SPI) increased to 20.04% during the week ended June 2,…
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Govt increases prices of petrol, diesel by Rs30 per litre again | The Express Tribune
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[ad_1] The prices of petrol and diesel have once again been increased by Rs30 per litre each, with the change set to take effect from 12 midnight. The increase in the prices of the utility was announced by Federal Finance Minister Miftah Ismail while addressing a presser in Islamabad Thursday evening. The price of petrol,…
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Time to depoliticise fuel prices | The Express Tribune
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[ad_1] ISLAMABAD: The latest increase in fuel prices threatens to flare up inflation and consumers’ tempers while damaging the political capital of the ruling party. In many countries, fuel prices move in tandem with the international crude oil prices, but in some like Pakistan successive governments have found it tough to raise prices. With inflation…
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Despite high gas prices, US refiners strain to meet summer demand
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[ad_1] Photo: AFP/file NEW YORK: Only time will tell how much record US prices at the pump will dent driving demand this summer, but don’t expect a significant increase in gasoline supply from American refineries. The reason: Several US gasoline refineries have shut down in recent years, or been converted to make other fuels, crimping…
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Urea prices fixed at Rs1,768 per bag | The Express Tribune
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[ad_1] ISLAMABAD: The Ministry of Industries and Production has fixed the maximum retail price of urea at Rs1,768 per 50kg bag, aimed at providing relief to the farmers across the country. According to a notification issued by the ministry, the provinces and federal agencies have been allowed to add an allowance to be notified later…
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Govt jacks up prices of petrol, diesel by Rs30 per litre | The Express Tribune
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[ad_1] The federal government has finally taken a tough decision to increase the petroleum prices by Rs30 per litre, Finance Minister Miftah Ismail announced. New prices will be effective from midnight (today), he added The development came a day after Pakistan and the International Monetary Fund (IMF) failed to reach a staff-level agreement for the…
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Sri Lanka increases fuel prices | The Express Tribune
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[ad_1] COLOMBO: Sri Lanka increased fuel prices on Tuesday, a long-flagged move to mend public finances and combat its debilitating economic crisis, but the hikes are bound to add to galloping inflation at least in the short term. Power and Energy Minister Kanchana Wijesekera said in a message on Twitter that petrol prices would increase…
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Oil prices rise on tight global supply | The Express Tribune
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[ad_1] NEW YORK: Oil prices edged higher on Tuesday, recovering earlier losses, as tight global supply and an expected pick-up in demand during the US summer driving season balanced concerns over a possible recession and China’s Covid-19 curbs. The European Union is moving closer to agreeing a ban on Russian oil imports. Such an embargo…
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Wheat prices hit record high after India export ban
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[ad_1] In this file photograph taken on April 12, 2022, an Indian farmer poses as he harvests wheat crop in a field on the outskirts of Amritsar, in the northern Indian state of Punjab. -AFP PARIS: Wheat prices surged to a record high on Monday after India decided to ban exports of the commodity as…
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Govt not increasing petrol prices ‘for now’: Miftah | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Miftah Ismail on Sunday dismissed speculations regarding an increase in the prices of petroleum products, saying the government led by Prime Minister Shehbaz Sharif has no immediate plans to hike the fuel prices. Addressing a press conference in Islamabad, the finance minister admitted that the government was in a ‘doomed if…
